The fund, which began trading outside capital in May of last year, pulled back significantly from the markets earlier this year as the coronavirus pandemic roiled global markets.Billionaire Philippe Laffont's Coatue Management is returning outside capital in the firm's quant fund to investors, sources tell Business Insider.
A source close to the firm tells Business Insider it plans to continue trading the strategy with internal money, and hopes to eventually reopen it to outside investors again.Billionaire Philippe Laffont's $350 million quant fund is returning outside capital to investors, sources tell Business Insider. The fund, which began trading outside capital in May of last year,from the market earlier this year as the coronavirus pandemic sent global markets reeling.
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